“We also expanded our wholesale proposition, with originations up approximately 60% year-on-year.

“We remain dedicated to helping SMEs seek and seize opportunities to grow. Our ability to differentiate Aldermore through the specialist nature of our underwriting, service and brand, positions us well.”

These figures come after Aldermore reported a 2016 profit increase of 34% from 2015 to £133m and saw total deposits increase by 16% to £6.7bn, including SME deposits rising by 18%to £1.6bn.